Evening Star Newspaper, March 9, 1925, Page 17

FINANCIAL. NEW YORK CURB MARKET Recelved by Private Wire Direct to The Star Office ', MONDAY, MARCH 9, 1925, FINANCIAL. MONEY to LOAN In Any Amount THE EVENING STAR, WASHINGTON" D. COAL EARNINGS DROP. Pittsburgh Company Reports ion. Lowest Rates of Interest and Commissien Gn’ 420 W.lh L. & Trust Bldg.. 9th & . . 1 1° 2 ;mlu Sharp Cut in Income. Equltable (h'operatlve Bulldlflg Ass n f ¥ N.W. | Thomas J. Fisher & Company, Inc. cetpte of ‘the. Pittsmeceh ‘Cous Go. for | ll ‘somy or Eoson, wresiaint! FmANK P. REESIDE. Sevy i e ‘REAL %TA';:’E LOANS T e ST g, Compaiin Organised 1870 45tk YEAR COMPLETED NAT‘ONAL UNION Small and Large Amounts amot ¢ $4.042.132.68 3131701144 INSURANCE COMPANY Refinancing on Long-Term Basis of, Washington, . on the Blat day of Increase in crude ofl prices was dis- |Income amounted to $281.888 after de- appointing to holders of oil stocks. | ducting the proportion due the minority e i el el "I::m"!;er‘_"l‘umnt required under the Dis Unibaltel: Vonlie Attt t deed of trust on real estate interest and BY WILLIAM F. HEFFERNAN. SW YORK, March 9.—If the re- vort that a strong banking group had acquired a substantial interest in the market for Freed-Eisemann, Ware and Dubilier Radio was ex- pected to have a favorable effect of 1214, as against the top figure of 407, Fallure of midcontinent’ oil com- panies to put into effect an expected In the District of Columbia Wm. H. Saunders Co., Inc. } 1433 K Street N.W. Surplus Standard of Indiana, Kentucky, Prai-|interests in the subsidiaries, equal to rie Pipe and Ienn Mex Fuel were |8 cents a share on the preferred stock, " Pot upon the market for the stocks, it failed of its purpose. Advanc:s »f a half point to a point were recorded in the early dealings today, but ihe session progressed further Ha dation took place, Freed Lisemann at 13 compared with the e low of 9% and the high of the vear of 3 Dubilier at 19 was unchanged from last week's close and compared with the low of | t the high for the year at 15 lost a half point compared with the low for 1925 NEW YORK, March 9.—Following 1 1ist_of bonds and stocks New York Curb RONDS, Am Ttomling Siia 85 2 Anaconds 6w 0%y 10815 1108 it 17 1 | Manitoba Power 7% Mid Coptin Prt 6izs R = | Ponn Power & Lt 5% 10 Pub G & E Co 3138, & Pure Ol Co_ 8348 falesin STANDARD OIL =00 ||\m'-\’ 5 100 P 100 mp" Off"of " Canada 5100 Intl Pet Co Ltd 0 Magnolia Pet 1008 O Kansas ™ % 0 Ky g0 N ¥i.. Swan & Finch Vacuum: Oil Kales in INDEPENDEXT OIL STOCK Lundreds [ 3% Livingston Pet 4 Margay 1 Mex Panuco 22 Mount_ Prod Washington Stock Exchange. SALES. Traction Co.—10 at 924, 10 at 92, Wash. Gas Light=10 st 507, 10 at 80, 10 1 60, 100 at 60, 10 at 60, 20 at 60 20 Wash, Rwy. & Flec. pfd— 2 Mergenthaler Linotype—10 at % AFTER CALL. Oapiial Trastion 55—$1,000 at 9813, Wash. Gas Light—30 at 60 2 Norfolk & Wash. § 5 and Gyper cent BONDS. Bid and Asked Prices. Bid American Tel. o8, & Telza American Tel. & Anacostia & Potomac 53.. & Potor laphone Georgetown Gas 1st FPotomae Biec. 1st Potomac E Totom Pot. B Wash Wash Wash. Balt. & Asaap. 3 Washington Gas 3 Waenington Gas e Wash. Rwr. & Elec. 4. Wash & Fiee, Gen by, MISCELLANEOUS. T C._Paper 6s Joint Stock 174 BE. Rizgs realte bs (long).... Wardman Park Hotel 6s.. STOCKS. © UTILITY. . |row money on their tobacco crops, Terminal Taxi com.,. NATIONAL BANK. ! Capital.. District . Farmers & Bec) Federnl-Amerlcan izgs Socond National Bank of W TR Commerce & Saving Yast Washington. ... Kecurity Savings & Com Seventh Street 4 Tnited States. ... Washington Mechanics'. FIRE INSUR American’. .. . Corcoran Viremen's National Union. TITLE INSURANCE. Columbia_Title. ... Real Estate ey MISCELLANEOUS. Merchants® Transfer & Storag, Morgenthaler Linotvpe. .. Natloval Mtx. & Invest. pfd 01d Dutch Market com. Dutch Market pfd ston Monots p2 Recurity Stora; Washington Marl Tellow Cab.. VEX aividend. 114% ext dividend. | preferred sold at 961 " | Danville most affected, while declines else- where were fractionai. Announcement that net earnings of Universal pictures for the year 1924 would equal $5.28 a share on the out- standing common, compared with $3.54 in 1923, attracted attention to the market for this stock. Trading started for the first time in Remington Noiseless Typewriter, class A common preferred. After opening at 431 the class was carried | | forward more than a point, while the | T i 2% 0 1 1 United ‘Contral 01 3 3 5 17 Venesoclan Fet - " ] 10 Went 2 W Cons” Mifiis A 1 Brit-Am Tob 4 Bklyn City R 81y Add Mach o pf 104% pfd. 110 1 rtiss Assets Corp. DeForest R C vtc. DL & W Coal.... Dubilier C & Ri 2 Dunhill Intl In 10 Durant Mot . 1 Duplex O & R vic 9 Duz Co A El Ba & Sh pfd 6 El Bd & Sh n cor of Goodyens Tire ro- 1 Grenn Bakeries 1 Hazeitine Corp 5 Heyden Chem . 1 Imperial Tobac 1 Jones Radio 12 Kelvinator . 3 Keystone Solether. . 1 Lehigh Power sec. Coal 14 Mengel Rox s 123 Middle Weat Uil 3 Mid West Util pr In 1% i, Miss River Pow pfd x;n £ <4 Pow & Lt Nd t Tea Co... Y Tel Co pfd.. r Stat Pow Cor. *§ Omat Cor vt <t 2 Pow Corp of N ¥.. 39 I Pratt & Lawd Corp 40 1 Prrene Mfg 10 Reo Motor. 03¢ ® Rem Noisels Typ A 443 1, Rem Noisels T ptd. 90l i Rosenbaum Grn C p 45% 2 Rova Radip tr cf.. 11 3 Seagrave Corp Wi.. ty Car Hty Lt. Shattuck F G. Sleep Rad vot S0 C & I new. Southeast Pow & Lt South Calir Edison. 8wift Intl. ift & Co. Tean Elec Power.. Ten El Pow 24 pfd. Thermo Radio Corp Thomp Rad Co vte n a 10% 101 il Pow & Lt Co A 8 Lt & He S Lt & Heat pf are. a n Rk Min 8p nw 195 51, 1633 R M S nw vie Vick Spen St Co wi el Taxi Corp N Y MINING. 80 Ariz_Globe Copper 10 Butte & Western. . 23 Canario Copper Eng G O Ltd Tod pis roesu: 7 3 Plymouth Lead 3 . T Premier Gold Min FARMERS GET $800,000. Danville Credit Corporation Given Liberal Credit. S8pecial Dispatch to The Star. DANVILLE, Va. March 9.-2The Credit Corporation, estab- |lished here last Summer to render | | assistance to farmers wishing to bor- {has loaned more than $800,000 during | |the present marketing season. Of this sum $500,000 was lent on the | security of certificates of participa- tion in the Tobacco Growers' Co- | operative Marketing Association. | U R NEW ORLEANS, March 9 (Special). | |—Sales of the Southern Cotton Oil| Company to a syndicate of New ;f)rlenns bankers, headed by R. S. Hecht, has been confirmed by Federal vJudg(\ Runyan. The price paid was 188,875,000 and the syndicate plans to Jspena $4,600,000 expanding the busi- WO0OoL TB.ADE ACTIVE. BOSTON. March 9 (Special).—Raw | wool prices began this week where they left off last and there was & fair amount of trade. Much interest cen- | ters in the Sidney sales, resuming| today, and the London sales, starting tomorrow. Dealers here believe prices at both foreign markets will stabilize without going -materially lower. Sl FISHER'S PRICE INDEX. NEW HAVEN, Conn., March 9 (Spe- ] cial).—Prices, 164.1; purchasing power, 60. Crumps, 1617, Irving Fisher re- g s b Your Banker Knows. When in doubt about a security consult your banker. It is equally as much his interest as yours to pro- tect your savings. You trust him | with “your deposits—why not trust him with your Investment problems? against $7,265.682, or $10.51 a share in 1923, There was a deficit of 32,783,188 after preferred and common dividends, (‘!;"::unlrusl to surplus of $3,878,814 in BIG SCHOOL ISSUE AHEAD. March 9 (Special) —The Denver School Board will shortly ask an additional bond issue of approxi- mately $2,500.000 to finish its build- ng program undertaken several years ago. EXTENSION IS GRANTED. NEW YORK, March 8.—The stock- holders protective committee of the Middle States Oil Co. has extended | to April 6 the time within which stock may be deposited without pay- ment in addition to the present con- | tribution of 5 cents a share. Subscriptions for the 88th Issue of Stock Being Received ECONOMY! Says President Coolidge We know of no better way to prac- tice it than saving a part of your earn- ings each pay day and depositing the money with the Equitable. 915 F Street NW. O Continental lenst Company Capital One Million Dollars 14th & H Streets TR mmlummmn-lmmmmuummmlmnmlmmuk- FEDERAL-AMERICAN NATIONAL BANK RESOURCES, $14,000,000 1315 F St. FROM $50 TO $100 Can Be Obtained by Using Our Cortificate of Inventory, Appraisal and Title. CHATTEL TITLE COMPANY 805 Fifth St. N.W. First Mortgage Notes For Sale in Any Amount Security Carefully Selected 637 and 79 INTEREST For Thirty-Seven Years We Have Sold Without Loss to aa Investor Wm. H.Saunders Co., Inc. 1433 K Street N.W. Phone Main 1016-1017 § WE WANT TO BUY Good Second Trusts on Residence and Business Property in Washington and Vicinity. Banking Trust & Mortgage Co. 1410 G St. N.W. Frankfin 5794. BONDS GERMAN srocs Bought—Sold—Quoted Full New York and Berlin Market Received Daily Send for Special Market Letter Peter Whitney 203 Investment Bldg. ‘Telephone Franklin 3978 20 % With Maximum Security Add to these an ever increasing value and ready marketability. And you will find extremely at- tractive our current offerings of Exclusive Washington Investment Properties Inquiry snd Inspection Invited C. P. BARRETT 1502 K St. N.W. Annual Net Yield First Mortgage APPLICATIONS INVITED for LOANS on IMPROVED PROPERTY Lacated in the District of Columbia and adjacent Suburbe in Montgomery County, Md. 3: % INTEREST :fl pply ro H. L. RUST COMPANY LOAN CORRESPONDENT e PRUDENTIAL INSURANCE COMPANY o AMERICA 912 15th Street N.W. Main 6888 Always Worth the Price You Paid MONG the various forms of invest- ments, there is one which is outstand- ing for its safety of principal, fair interest return, and market value—it is the First Mortgage, secured by improved property and offered by a responsible company. For over fifty-five years our First Mortg- ages have always been worth one hundred cents on the dollar, and during that time no investor has lost a single penny in cither principal or interest. Our First Mortgages are now yielding 614 % interest, paid semi-annually on the day it is due. They may be purchased in denominations of $100 and upward. LnglEEM &HENSEY Co. LN ‘%smggmnc 55 Years Without Loss to An Investor. Code, amended June 30, 1911, 1002, and Augu Phoue Main 1016-1017 wERED T. NESBIT | Capital stock . $100,000.00 100,000.00 otate and loans on real Total assets LIABILITIES, iy L : tases pavabl billx, etc pital stock ... Surplus over ai AID P, oN SAVINGS Oldest Natiomal Bank in the City 3% Total liabilities wumed during $8,760, B 10,546.28 B o Voluntary Trusts for Involuntary Events Unforeseen financial situations are best guarded against by a Voluntary Trust agreement. Talk it over with our TRUS T DE- i PARTMEN YOX. President. -~ | National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,800,000.00 15th St., Opposite U. S. Treasury—111 Years Old From Securities USE our Investment Savings Plan to compound the in- come from securities you now own. Apply your interest and dividends toward the purchase of Smith Bonds, and receive 7% on these odd sums. 7% Our free booklet, “How to Build an Independent Income,’” ex- plains the plan by which our $100, $500 and $1,000 First Mortgage Bonds, paying 7%, are sold on paymemts extended over a period of 10 months. Mail the coupon for a copy today. Real Estate Loans Sccure a loan, when needed. on vour house or other real estate Prompt, courteous attention will be given you at BOSS mb PHELPS LOAN DEPARTMENT W. L. KING, MANAGER Wiz K Street NW Main 9300 No Loss to Any Investor in 52 Years The F. H. Smith Co. Founded 1873 FIRST MORTGAGE BONDS Smith Building, 815 Fifteenth S(. THE F. H. SMITH COMPANY Bmith Building, Weshington, D. C. Please send me your free booklet, “How to Build an Independent In. come. 6149, 6"2% REAL ESTATE FIRST MORTGAGES For 32 years we have assisted mvestors. Our present list offers an ex- Over a ceptionally attractive selection of Quarter safe Have you money to 9% FIRST MORTGAGES invest where it will be safe and produce the highest current rates of interest? Then see us about the First Mortgage Real Estate Investments we are offering today paying 6%%4% interest Century —on Washington real estate, ithout a which we have carefully inves- tigated and offer you with our {ull recommendation. F..SAUL CO,, 925 15th St. Mortgage Investment Dept HANNON: & LUCHS 713 and 715 14th St. N.W. N.W. Bonds On Income-Producing City Prop- erty of General Utilization— ‘The highest type of investment known. Now Offering: 20-Year 614 % Sinking Fund Gold Bonds, Roger Williams Apart- ments, Providence, Rhode Island. Union Dilncolmt Company, Inc. We Buy and Sell Liberty Bonds Treasury Notes Etc. Bond Department The Washington Loan and Trust Company 900 F Street 620 17th Street ANNOUNCEMENT On and After Monday, March 9, 1925 THE MORRIS PLAN BANK OF WASHINGTON 13th and Eye Streets WILL BE OPEN FOR BUSINESS Paid-in Capital, $200,000 Paid-in Surplus, $50,000 Loans and Deposits Every facility is offered our patrons in the handling of Savings Accounts, issuing Certificates of Deposit and granting Loans on the Morris Plan of Industrial Banking. The business of the Fidelity Savings Company has been transferred to the MORRIS PLAN BANK OF WASHINGTON, and our patrons will receive every facility and courtesy formerly extended by the Fidelity Savings Company. “Character and Earning Power the Basis of Credit” Income Tax Service Five days remain beiore your income tax returns are due. Our Income Tax department is prepared to serve you, but we suggest that you take advantage of this service immediately so that your return will be filed on time. /&M]ER)ICAN SECURIT D TRUST COMPANY 15th and Penna. Ave. Capital, Surplus and Undivided Profits Over $6,000,000 BRANCHES Central—7th and Mass. Ave. N.W. Northeast—8th and H Sts, N.E. Southwest—7th and E Sts. S.W. Northwest—1140 15th St. N.W., 3 Thirty-Five Million Total Resources Ouver N